Fitch Ratings upgraded The Walt Disney Company's (Disney) Issuer Default Rating (IDR) and senior unsecured debt rating to 'A-'. The company's commercial paper (CP) program rating was affirmed at 'F-2'. Approximately $12.3 billion in consolidated debt is affected. The Outlook is Stable. The company has benefited from cyclical improvements related to the theme park business, solid growth in ratings and advertising at ABC Broadcasting, success in leveraging its content across multiple distribution platforms, and management's focus on strengthening the company's credit profile over the past several years.